South Plains Financial, Inc. (SPFI) Debt Ratio (2018 - 2026)
South Plains Financial's (SPFI) Debt Ratio stood at 0.01 in Q2 2026, down 42.6% from 0.01 a year earlier and down 13.8% from the prior quarter.
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Analysis
South Plains Financial, Inc. (SPFI) Debt Ratio (2018 - 2026) Analysis & Trends
Starting with Q4 2018, South Plains Financial's Debt Ratio history includes 31 quarters.
- Annual Debt Ratio has declined for five straight years.
- Across earlier years, Debt Ratio came in at 0.02 in FY2024 (-0.4%), 0.02 in FY2023 (-21.2%), 0.02 in FY2022 (-0.8%) and 0.02 in FY2021 (-31.6%).
- The Q2 2026 figure is the lowest quarterly Debt Ratio in data going back to Q4 2018.
- On a year-over-year basis, Debt Ratio has declined for 20 consecutive quarters, with an average decline of 19.9% over the last eight quarters.
- The year-over-year decline in Debt Ratio has ranged between 0.4% (Q4 2024) and 42.6% (Q2 2026) over the last five years.
- Per Business Quant, the preceding three quarters came in at 0.01 (Q1 2026), 0.01 (Q4 2025) and 0.01 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.01 |
| Mar 31, 2026 | 0.01 |
| Dec 31, 2025 | 0.01 |
| Sep 30, 2025 | 0.01 |
| Jun 30, 2025 | 0.01 |
| Mar 31, 2025 | 0.01 |
| Dec 31, 2024 | 0.03 |
| Sep 30, 2024 | 0.01 |
| Jun 30, 2024 | 0.02 |
| Mar 31, 2024 | 0.02 |
| Dec 31, 2023 | 0.03 |
| Sep 30, 2023 | 0.02 |
| Jun 30, 2023 | 0.02 |
| Mar 31, 2023 | 0.02 |
| Dec 31, 2022 | 0.03 |
| Sep 30, 2022 | 0.02 |
| Jun 30, 2022 | 0.02 |
| Mar 31, 2022 | 0.02 |
| Dec 31, 2021 | 0.02 |
| Sep 30, 2021 | 0.02 |
API Access
South Plains Financial, Inc. Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=SPFI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "SPFI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=SPFI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();